The first volume of Alfred von Reumont's biography explores the political and social evolution of Florence leading up to the supremacy of Cosimo de Medici in the fifteenth century. The author traces the rise of the Florentine community from its early origins, the development of the democratic guild system, and the fierce factional struggles between the Guelfs and Ghibellines that shaped the city's unique institutional framework. A central theme is the prolonged domination of the oligarchic faction led by the Albizzi family, whose rigorous fiscal policies and political proscriptions eventually created deep internal fractures among the citizenry. Within this turbulent environment, the Medici family carefully cultivated their influence through commercial success, financial acumen, and strategic public patronage, positioning themselves as champions of the popular class without aggressively seizing direct control.
The narrative details the complex financial mechanisms of the republic, including the establishment of the catastre to achieve fairer taxation, alongside the soaring architectural achievements that transformed Florence under master builders and artists. As the mercantile wealth and intellectual life of the city reached unprecedented heights, the growing rivalry between Rinaldo degli Albizzi and Cosimo de Medici culminated in political trials, exile, and a dramatic shift in government. The volume concludes with Cosimo's triumphant return from banishment and the consolidation of his subtle authority, setting the stage for the Medicean golden age.